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This book is a critical analysis of the Reagan and Bush tax cuts, which favored the richest Americans and are a major cause of the soaring federal deficits. It explains how Bush misrepresented the tax cuts. It explains why the federal budget deficits are bogus, how executive stock options are abused, and it defends the estate tax, which Bush wants to repeal and calls-"the Dead Tax." It alleges the government has become a plutocracy during the Bush administration: the rich have become super rich and the poor have become poorer-because of the lopsided and irresponsible tax cuts. The SECOND EDITION contains the 2007 UPDATE. It charges President Bush misrepresented the federal deficit reduction in his 2007 address to the nation. It includes letters to Warren Buffett, Lee Iacocca, and Al Gore. It compares statements from Lee Iacocca's book: Where Have All the Leaders Gone-that agree with this book: Why the Reagan and Bush Tax Cuts are Unfair. It comments on Al Gore's new book: The Assault on Reason, the Iraq war, Islamofascism, torture, Guantanamo Bay, and other things: plus-Tax Recommendations.